Select Medical (NYSE:SEM) Sets New 52-Week Low – What’s Next?

Select Medical Holdings Co. (NYSE:SEM) hit a new 52-week low on Tuesday . The company traded as low as $20.17 and last traded at $20.83, with a volume of 6602 shares changing hands. The stock had previously closed at $20.84.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEM. Bank of America started coverage on Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. StockNews.com cut shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Benchmark lowered shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada upped their target price on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Select Medical has a consensus rating of “Hold” and an average price target of $40.75.

Select Medical Stock Down 4.6 %

The company has a fifty day moving average of $34.69 and a 200 day moving average of $34.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market cap of $2.63 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.42.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts anticipate that Select Medical Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, November 13th. Select Medical’s dividend payout ratio (DPR) is currently 23.36%.

Institutional Investors Weigh In On Select Medical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its stake in shares of Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after purchasing an additional 645 shares in the last quarter. Quarry LP bought a new stake in Select Medical during the 3rd quarter valued at approximately $30,000. Transcendent Capital Group LLC bought a new position in shares of Select Medical during the second quarter worth $35,000. Canada Pension Plan Investment Board purchased a new stake in Select Medical in the 2nd quarter worth $39,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Select Medical during the 2nd quarter valued at about $60,000. 89.48% of the stock is owned by hedge funds and other institutional investors.

About Select Medical

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.